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9503 OCALA STREET
About This Property
A stone patio, designed pathway, and new Trex composite front porch create an inviting approach, leading into a sunlit living room anchored by a fireplace with a reclaimed wood surround and a wide picture window. Newly refinished hardwood flooring enhances the space and sets a warm, welcoming tone. The living room flows directly into the thoughtfully redesigned kitchen, which features quartz countertops, generous prep space, stainless steel appliances including a Samsung gas range and new Bosch dishwasher, a breakfast bar area, farmhouse-style pendant fixtures, recessed lighting, handsome cabinetry with soft-close drawers, floating wood shelving, and oversized porcelain tile flooring. The formal dining room is accented by a contemporary drum light fixture and includes a convenient pantry for additional storage.
The bedroom wing offers a bright primary suite with an updated half bath, a second bedroom, and a refreshed hall bath showcasing hexagon tile flooring. This level also includes a fixed staircase to the unfinished, floored attic, currently serving as excellent storage with potential for future expansion.
The lower level provides additional living space, highlighted by a spacious family room with luxury vinyl plank flooring and a second fireplace, complemented by sconce and drum lighting. A flexible third bedroom or office features custom-built-ins and an updated en-suite bath with a wood-look tile shower. The laundry and storage room is well equipped with new luxury vinyl plank flooring, a new stainless-steel utility sink, an LG washer and dryer on pedestals, abundant storage space, and access to the rear yard.
Outside, the fenced and level backyard is ideal for relaxing or entertaining, complete with a stone patio, firepit, shed, and established landscaping, including a magnolia tree and colorful hydrangeas.
Ideally located in close-in Silver Spring, Indian Spring Hills offers a strong sense of community. Just blocks from Zinnia and Whole Foods, with easy access to Sligo Creek Trail, Downtown Silver Spring's shops and dining, and just over two miles to the Silver Spring Metro Station and just over one mile to the soon-to-be-completed Purple Line light rail, this home also provides convenient access to multiple bus lines, I-495, Colesville Road, and Georgia Avenue. Enjoy comfort, accessibility, and a picturesque setting in one exceptional property.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017